49 North ResourcesFNINF +1,150.00% Return-on-Tangible-Equity is 11.09% as of Mar. 2026. The stock has 3 warning signs investors should review. Among 1,587 Asset Management companies, 49 North Resources ranks better than 89.67% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. 49 North Resources's annualized net income for the quarter that ended in Mar. 2026 was $0.78 Mil. 49 North Resources's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $7.07 Mil. Therefore, 49 North Resources's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.09%.
The historical rank and industry rank for 49 North Resources's Return-on-Tangible-Equity or its related term are showing as below:
FNINF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -55.4 Med: -0.39 Max: 102.18
Current: 35.56
During the past 13 years, 49 North Resources's highest Return-on-Tangible-Equity was 102.18%. The lowest was -55.40%. And the median was -0.39%.
FNINF's Return-on-Tangible-Equity is ranked better than 89.67% of 1587
companies
in the Asset Management industry
Industry Median: 7.18
vs FNINF: 35.56
49 North Resources (OTCPK:FNINF) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
49 North Resources Return-on-Tangible-Equity Related Terms
49 North Resources Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for 49 North Resources's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
49 North Resources Return-on-Tangible-Equity Chart
FNINF vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, 49 North Resources's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
49 North Resources Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, 49 North Resources's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where 49 North Resources's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 11.09% mean?
49 North Resources (FNINF) has a Return-on-Tangible-Equity of 11.09% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on 49 North Resources and its competitors. According to the industry distribution chart, 49 North Resources ranks #164 out of 1587 companies in the Asset Management industry, placing it in the top 10.3%.
Is 49 North Resources' Return-on-Tangible-Equity too high?
49 North Resources' current Return-on-Tangible-Equity is 11.09%. The Asset Management industry median Return-on-Tangible-Equity is 7.18. 49 North Resources' value of 11.09% is 54.5% above this industry median. Based on the distribution chart, 49 North Resources ranks #164 out of 1587 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers.
How does 49 North Resources' Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, 49 North Resources ranks #164 out of 1587 companies for Return-on-Tangible-Equity. This places 49 North Resources in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.18. 49 North Resources' value of 11.09% is 54.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.18, based on 1,587 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 49 North Resources's current Return-on-Tangible-Equity of 11.09% is 54.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on 49 North Resources and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 49 North Resources's current Return-on-Tangible-Equity is 11.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 49 North Resources stock overvalued right now?
49 North Resources (FNINF) has a current Return-on-Tangible-Equity of 11.09%. The current Return-on-Tangible-Equity is 11.09% and 54.5% above the Asset Management industry median of 7.18. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For 49 North Resources (FNINF), the current Return-on-Tangible-Equity is 11.09% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
49 North Resources Inc is a Saskatchewan-focused resource investment company. The company provides diversified exposure to oil & gas, potash, uranium, diamonds, coal, base & precious metals, and rare earth elements.
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